The fact that the world of hard money lending is growing is readily apparent. Exactly how much it is growing, however, has been somewhat of a surprise to many. In fact, the HousingWire Tech100 List has recently announced that lending is the new tech.
Applicants include heavy hitters and innovative disruptors…. But make no mistake, the name of the game in tech, these days, is lending, lending, lending.
The HousingWire Tech100 List looks at tech companies that have innovated the housing industry in this country. Usually, they recognize companies that create things such as smart devices for the home and green technologies. But now, they have recognized LendingHome as well, as the fastest-growing and largest online marketplace lender for mortgages in the country.
LendingHome is reimagining the mortgage process from the ground up by combining innovative technology with an experienced team. Our goal is to create a seamless, transparent process for homebuyers, real estate professionals, and investors.
One of the reasons why the private lender was recognized was because of its innovative automation and customer experience. They have created a loan process that is easier than ever to complete. In fact, 80% of applicants do not have to speak to LendingHome in person to have their loan processed. This means that people can finally apply for a mortgage in a way that is convenient to them without any interruptions, telephone calls, or meetings.
The founder and CEO of LendingHome had set forth a vision in that people should be able to have a roof over their head and live in their dream home without any difficulties. He expressed particular pride in his team and engineers, who have created a platform that has made it possible for the company’s vision to be turned into a reality. Having been recognized for this has been described as the icing on the cake.
Given to the senior executive who has demonstrated outstanding leadership, integrity, performance and team-building within his or her company, while at the same time contributing to advancement of the industry.
The LendIt Fintech Industry Awards is a yearly competition and it has recognized LendingHome as part of their Top Real Estate Platform. This award showcased the company’s unique combination of responsiveness to stakeholders, product diversity, growth, volume, and performance.
LendingHome is also committed to continuing to innovate the market. They regularly participate in events that teach people about the fix and flip market. Mainly, however, co-founder Josh Stech has recognized that there is currently a degree of vulnerability in the world of private lending, and their company aimed to change this, something they have been committed to since 2013. Stech recognized that there is still a huge degree of fragmentation in the market and that the borrower experience, due to hidden fees and uncertain terms, is quite poor. Hence, LendingHome has developed a process in which technology and people are brought together to ensure borrowers have a more streamlined, secure, and user-friendly experience. Doing so has literally transformed the market as a whole.
LendingHome issued its first loan in the middle of 2014. Since then, they have funded over $2 billion mortgages. Their goal is to simplify the process and it seems they have been successful in doing this.
We’re on a mission to revolutionize the world of mortgages and put the power, and the keys, where they belong – in your hands.
The company uses a purpose-built, from scratch platform that no other lender in the country is currently able to offer.